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Dec 3, 2012
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we are live at the nasdaq market site in new york city. the special dividend surge continues to grow. 98 special dividends announced this quarter totaling nearly $23 billion. three of those announced today. will 2013 be the year of stock dividends instead of cash ones and maybe buy backs, too. joining us is don yackman. >> we have seen the threat of higher taxes change the way companies behave and manage their cash. you think that next year we'll see this in a different way. no more cash dividends. >> well, i'm hopeful that the ceos and boards are rational and eliminate cash dividends based on tax rates going from 15% to 43.6% and that is before new york and california get their share which would push people over 50%. >> in terms of companies that may proceed and do this do you think it is the same pool of companies that have issued special dividends this year, ones that are concerned about the tax issue? >> i think they are showing the leadership. i mean, if you look at like some of the people that are very respected, warren buffett hasn'
we are live at the nasdaq market site in new york city. the special dividend surge continues to grow. 98 special dividends announced this quarter totaling nearly $23 billion. three of those announced today. will 2013 be the year of stock dividends instead of cash ones and maybe buy backs, too. joining us is don yackman. >> we have seen the threat of higher taxes change the way companies behave and manage their cash. you think that next year we'll see this in a different way. no more cash...
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Dec 20, 2012
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york work to pick out the gift too. >> we make it far easier than going to the store it find a gift. second we find a lot of time finding product you don't find in retail. >> what you would find in a small boutique but we have thousands and thousands of products. >> your concerns and questions for john, patrick? >> john, congratulations. it used to be giving one gift to one person. is this working? do you see return rates lower than traditional model? >> our return rates are almost zero. it is remarkably low low. >> final question to you. >> john, receiving kmod advertised these days. how do you find the rarite snems. >> that's a big part of what we do. we have a team of brilliant buyers who scour the product that you haven't found anywhere else, that aren't the can kinds of things amazon would typically carry because they aren't in large quantity. >> julia, first to you then. >> i will be spending a lot of money this holiday season but i would say as look at this as an investor, and how much the total new model is going to appeal to consumers who are traditional and how they make pu
york work to pick out the gift too. >> we make it far easier than going to the store it find a gift. second we find a lot of time finding product you don't find in retail. >> what you would find in a small boutique but we have thousands and thousands of products. >> your concerns and questions for john, patrick? >> john, congratulations. it used to be giving one gift to one person. is this working? do you see return rates lower than traditional model? >> our return...
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Dec 21, 2012
12/12
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york stock exchange. obviously nobody wants the markets to plunge but they do want a deal to get done and something that will make these lawmakers come together and compromise on both sides. >> one thing i'm curious about, though, is what possible deal, for anybody who is thinking about buying stocks right here, what possible deal could come out that would say it's a screaming buy on the s&p at 14 times earnings. it's unlikely that anything they're going to say justifies that. >> all right. another break. again awaiting president obama's comments on the fiscal cliff. stay tuned. we'll have him on the other side.
york stock exchange. obviously nobody wants the markets to plunge but they do want a deal to get done and something that will make these lawmakers come together and compromise on both sides. >> one thing i'm curious about, though, is what possible deal, for anybody who is thinking about buying stocks right here, what possible deal could come out that would say it's a screaming buy on the s&p at 14 times earnings. it's unlikely that anything they're going to say justifies that....
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Dec 20, 2012
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i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're settling on wall street. as we saw money moving into equities in the last 20 minutes pushing the dow jones industrial average up to 60 points higher at the close at 13,312 on the dow jones industrial average. nasdaq also finishing in the plus column with a gain of six points, and the s&p 500 up about eight points, one-half of 1% at 1433. closing in on the fiscal cliff deadline still with no deal in sight, let's find out how you should be investing in the face of the fiscal cliff fiasco. we want to dig deeper into the nyc/i.c.e. deal as well announced today, that it means for you and the global exchanges. gentlemen, welcome. thanks soechg for joining us. >> thanks. >> thanks for having me. >> let me kick this off with you in terms of the fiscal cliff. give me your strategy, deal or no
i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're settling on wall street. as we saw money moving into equities in the last 20 minutes pushing the dow jones industrial average up to 60 points higher at the close at 13,312 on the dow jones industrial average. nasdaq also finishing...
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Dec 18, 2012
12/12
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i'm maria bartiromo on the floor of the new york stock exchange. markets closing higher on optimism that lawmakers may be close to a deal on the fiscal cliff. wall street, triple-digit gain, up 120 point on the industrial average. banks in the lead, 13,353. last trade in the dow jones industrial average on volume which was modest. nasdaq composite up and 3053 and the s&p 500 picks up 16 points, better than 1% on the standard & poor's at 1446. markets continuing higher at the close. are there more gains ahead? we bring in right now liz ann sanders from charles schwab and alan gael and eric steuben from russell investment, darryl pearl from epoch investments standing by who will give us a reaction to the oracle earnings once those numbers cross the wires. they should be coming out momentarily. here's the number to look for, 61 cents a share on earnings is what we're expecting on revenue of 9.02 billion. as soon as we get the numbers we'll see how oracle is doing. liz ann sanders, deal or no deal? what's your take on all of this? >> we'll have a deal.
i'm maria bartiromo on the floor of the new york stock exchange. markets closing higher on optimism that lawmakers may be close to a deal on the fiscal cliff. wall street, triple-digit gain, up 120 point on the industrial average. banks in the lead, 13,353. last trade in the dow jones industrial average on volume which was modest. nasdaq composite up and 3053 and the s&p 500 picks up 16 points, better than 1% on the standard & poor's at 1446. markets continuing higher at the close. are...
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Dec 18, 2012
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compared to new york and london, investments in china are relatively new. the markets he said are dominated by small time chinese investors who bet more on gossip and behavior rather than company profit. trading halls here feel like gambling debs. people in trading rooms like this one with just wiling their time away. most of them are stereo scared to get back into the market. chinese investor res paralyzed by the worst economic growth since the 1990s. historically, the markets here have gone through booms and busts, but have never gained the stad temperature of the economy. now the world's second largest. the problem is, people don't trust what they're buying. that reality was exposed by a accounting scandals in the u.s., involving new york listed chinese companies currently under scrutiny by the securities and exchange economic oh sec. >> the chinese regulatory authority only do themselves a disfavor by not being more cooperative with other international regulators such as the s.e.c. and then investors back home here will pick up on that as to whether or
compared to new york and london, investments in china are relatively new. the markets he said are dominated by small time chinese investors who bet more on gossip and behavior rather than company profit. trading halls here feel like gambling debs. people in trading rooms like this one with just wiling their time away. most of them are stereo scared to get back into the market. chinese investor res paralyzed by the worst economic growth since the 1990s. historically, the markets here have gone...
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Dec 13, 2012
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that would be awesome. >> wow. >> wear that in new york city. see the locks you'll get. >>> let's trade retail because it's funny. all the things jane said people are spending their money on, those are not the retailers you want to be in, electronics, children's apparel? >> i think walmart is the one you want to be in. one, because first of all, this stock is right around a level at 200 where it is bouncing and on a valuation where you can own it. walmart is a place that is doing their west to grow an emerging market. they announced they're going to have 100 new stores in china. a big deal in turkey. this is a global company and an emerging market. i like walmart right here on the chart. >> mike, where do you go in retail? >> well, the luxury names, closing trade yesterday to sell saks. i don't like tiffany. so, i guess i'm just a grinch when it comes to the luxury goods. >> ba-humbug. >> ashley, that she interviewed there, good for ashley, she's looking to buy a gift for her mom. she wasn't paying cash. probably paying with her mom's credit car
that would be awesome. >> wow. >> wear that in new york city. see the locks you'll get. >>> let's trade retail because it's funny. all the things jane said people are spending their money on, those are not the retailers you want to be in, electronics, children's apparel? >> i think walmart is the one you want to be in. one, because first of all, this stock is right around a level at 200 where it is bouncing and on a valuation where you can own it. walmart is a place...
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Dec 4, 2012
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i'm maria bartiromo on the floor of the new york stock exchange. this market not able to get anything going today as the fiscal cliff fears continue to hang over us. as you see, we turned negative right at 4:00. in fact, we're looking at a decline of about 13 points right her here. the nasdaq composite also under pressure to the tune of five. the s&p 500 down about two points on the session. i want to take a closer look at what moved the markets as we await any decisions out of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the
i'm maria bartiromo on the floor of the new york stock exchange. this market not able to get anything going today as the fiscal cliff fears continue to hang over us. as you see, we turned negative right at 4:00. in fact, we're looking at a decline of about 13 points right her here. the nasdaq composite also under pressure to the tune of five. the s&p 500 down about two points on the session. i want to take a closer look at what moved the markets as we await any decisions out of washington....
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Dec 10, 2012
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now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two states have huge foreclosure backlogs. they need brisk buy flg order to eat up that distress. we want to keep that in perspective. people say taking away this deduction will raise home prices and drop purchasing power. but we have to remember that the interest deduction is used by 27% of borrowers. what is interesting is that older americans are getting hit with it more because they usually would move out of their large homes by now and they today stay in place because they weren't able to sell during the housing crash. guys? >> diana, does it soften the blow if they am amoreties out? >> when we talk about this mortgage interest deduction, it is about a buyer getting in there. whether first time bite buyer or move up buyer, saying, the reason i want to do this is for the kick back, the deduction. you take that away, guess what? that puts you back on the fen and not buying a home. wheth
now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two states have huge foreclosure backlogs. they need brisk buy flg order to eat up that distress. we want to keep that in perspective. people say taking away this deduction will raise home prices and drop purchasing power. but we have to remember that the interest deduction is used by 27% of borrowers. what is interesting is that older americans are...
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Dec 28, 2012
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>> he's weekly columnist for "the new york times" and "the huffington post." it depends on the small business. it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it mostly on the taxation side. if you raise taxes on people who make more than $250,000 don't forget a lot of small businesses file as individuals and make more than $250,000. >> it's absolutely true. i mean, but most small businesses, particularly my readers and the clients that i have, they're bracing for that. it seems an ineshvitablility th there will be increases in capital gains and interest rates and estate taxes next year and that all seems to be on the board. >> health care will get more expensive if they provide it. >> michelle, remember, it's not going cripple many small businesses. it's a deter
>> he's weekly columnist for "the new york times" and "the huffington post." it depends on the small business. it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it...
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Dec 13, 2012
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i'm maria bartiromo on the floor of the new york stock exchange. market closing off the lows of the afternoon after news that president obama and speaker boehner are set for another meeting today on the fiscal cliff, one hour from right now. take a look at how the markets are settling out tonight. as soon as we got that announcement the market went from down 90 to down 50 and it's creeped lower since with a decline on the session of 80 points, finishing at 13,167. a decline of three-quarters of 1% at 2992 on the nasdaq and the s&p gave up 9 at 1419 and the federal reserve and the fiscal cliff weighed in on this market. how do you position yourself? joining me to discuss that our guests. gentlemen, nice to have you on the program. thanks so much for joining us. let me kick this off with you in terms of allocating capital right here in the face of so much uncertainty, fiscal cliff, federal reserve. what is going to be the dominant force in terms of moving money? >> i think you don't fight the fed. i think what happened yesterday is a little bit more
i'm maria bartiromo on the floor of the new york stock exchange. market closing off the lows of the afternoon after news that president obama and speaker boehner are set for another meeting today on the fiscal cliff, one hour from right now. take a look at how the markets are settling out tonight. as soon as we got that announcement the market went from down 90 to down 50 and it's creeped lower since with a decline on the session of 80 points, finishing at 13,167. a decline of three-quarters of...
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Dec 6, 2012
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fines of around $30 million will be payable on top of the 340 in fines already paid to new york state regulators in the third quarter. but despite that, q4 earnings will still ygrow in the mid single digit range. presumably actually clarity on fines is good. >> it brings closure. several thinking it could be several multiplmultiples. so improved visibility on that is definitely a positive. >> and here is city saying they're cut 1g 1,000 jobs. standard chartered is talking about hiring another 2,000 jobs. and if they get an increase in earnings, another record year. >> they're extremely well positioned. they're in the sweet spot of the global economy, where thes fastest growth is to some extent. asia, indonesia, africa. they have a very strong balance sheet. so they're in the position to really gain market share even in the context of a slightly slowing macro picture. but interestingly since the third quarter ims, we heard today from standard chartered again and they were quite upbeat particularly for the likes of singapore and i sandia and so forth. so outlook for revenue is actually
fines of around $30 million will be payable on top of the 340 in fines already paid to new york state regulators in the third quarter. but despite that, q4 earnings will still ygrow in the mid single digit range. presumably actually clarity on fines is good. >> it brings closure. several thinking it could be several multiplmultiples. so improved visibility on that is definitely a positive. >> and here is city saying they're cut 1g 1,000 jobs. standard chartered is talking about...
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Dec 28, 2012
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we have our new york hotel was on the market. we have a slight hiccup in that process where we've gone with one party. we're now going back on the to the market. and early next year, we'll put our london continental on the market. why? >> because our business is about creating brands, managing other people's hotels and franchises. owning real estate, we should only own where it helps that business. for example, we've announced a couple of new grands recently, even hotels in the u.s. and china. in the u.s., you need to put your money where your mouth is. we will sell those assets, recycle them. so the intercontinentals we own for particular reasons. in london, we've just opened tinter continental. now we're in a policy to move on the one we own, take that capital, return as shareholders or recycle it and reinvest it back into the business. >> all right. stick around. straight ahead, we will talk to alistair about another election that could pose some political risk in the new year. israel's elections are less than two months away.
we have our new york hotel was on the market. we have a slight hiccup in that process where we've gone with one party. we're now going back on the to the market. and early next year, we'll put our london continental on the market. why? >> because our business is about creating brands, managing other people's hotels and franchises. owning real estate, we should only own where it helps that business. for example, we've announced a couple of new grands recently, even hotels in the u.s. and...
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Dec 31, 2012
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we kick off with mary thompson on the floor of the new york stock exchange. mary? >> john harwood has been reporting throughout the morning and gifting lift throughout the day, the dow off 54 points and we are seeing gains in material stocks and also tech stocks getting a nice bid into today's session. you can see the gyrations in the broader market reflecting different headlines we've seen coming out of washington throughout the morning. taking a look at the chart of the s&p, i'm just pulling that up for a couple of reasons. we are heading into the month that the s&p is down for the month of december and down for the quarter. when the s&p is down for the quarter, typically 70% of the time that doesn't bode well for the first quarter of the next year. we are talking about stocks bertha has been talking about. the expectations is there are some delays to automatic spending cuts that would have a big impact on the defense industry. so they are higher in today's session. of course banks also have been responding quite closely to any news out of washington pch right no
we kick off with mary thompson on the floor of the new york stock exchange. mary? >> john harwood has been reporting throughout the morning and gifting lift throughout the day, the dow off 54 points and we are seeing gains in material stocks and also tech stocks getting a nice bid into today's session. you can see the gyrations in the broader market reflecting different headlines we've seen coming out of washington throughout the morning. taking a look at the chart of the s&p, i'm...
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Dec 11, 2012
12/12
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he's up in new york and joins us first on cnbc. mr. brewer, good to see you as always. >> good to be here, scott. >> this seems to be a pattern that's developing. hsbc avoids prosecution, deferred prosecution, keep their act clean, pay a fine and they move on. it's a big fine but all of about six weeks worth of revenue for this country. are you comfortable with the way this is playing out? >> scott, this is a very, very historic resolution. hsbc is not simply walking by and shaking its hands and saying we're done. they are being held accountable in a way that's almost never been done before. first the entire management in leadership involved at the time these crimes or this conduct because going on is completely gone. their compliance program has been increased dramatically. whether they had 70 or 80 people doing this kind of work, they have over 800 people, probably a couple dozen consultants, now they have probably 250 or 300. for the first time ever, a foreign financial institution is going to have a monitor. that monitor is going t
he's up in new york and joins us first on cnbc. mr. brewer, good to see you as always. >> good to be here, scott. >> this seems to be a pattern that's developing. hsbc avoids prosecution, deferred prosecution, keep their act clean, pay a fine and they move on. it's a big fine but all of about six weeks worth of revenue for this country. are you comfortable with the way this is playing out? >> scott, this is a very, very historic resolution. hsbc is not simply walking by and...
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Dec 3, 2012
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but the "new york times" does report that u.s. officials are hoping to complete the settlement with ubs maybe mid-december, but of course there could always be delays.is scant, but ubs is probably looking at a very hefty fine and shares in zurich this morning are underperforming the broader market, flat versus the market which is higher by 0.4%. ross. >> all right. thanks for that carolyn. and just a reminder, the headlines from around the globe, fiscal cliff negotiations have stalled on tax hikes. treasury secretary geithner is confident that republicans will yield. manufacturing activity in china speeds up in november. the eurozone is confirmed in contraction. and sink more airlines is looking to sell its stake in virgin atlantic. delta reported to be amongst the frontrunners. it's the start of a new week. is this the agenda for the united states. we have november ism manufacturing index due out at 10:00 a.m. forecasts there calling for a reading of 51. also at 10:00, you get october construction spending, that's expected to ris
but the "new york times" does report that u.s. officials are hoping to complete the settlement with ubs maybe mid-december, but of course there could always be delays.is scant, but ubs is probably looking at a very hefty fine and shares in zurich this morning are underperforming the broader market, flat versus the market which is higher by 0.4%. ross. >> all right. thanks for that carolyn. and just a reminder, the headlines from around the globe, fiscal cliff negotiations have...
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Dec 4, 2012
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you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at bloomberg and talked about the republican offer from speaker boehner on the fiscal cliff resolution. he said it was out of balance because the speaker has not agreed to rate increases but the president identified a two-step process by which he is hoping still to reach an agreement before the end of the year, if he can get republicans to g
you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with...
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Dec 1, 2012
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york and new jersey and california. so we have mountains of evidence that proves this. and my concern is look, if we raise these tax rates, we're putting the united states of america, this great great country of ours, at a more competitive disadvantage and it leads to outsourcing of jobs. we all want to see jobs brought back to the united states of america, not leaving our great country. >> let me respectfully disagree with my good friends larry and steve here. the fact of the matter is, our tax is a high tax state even though i did cut taxes. our unemployment rate never went much over 6.5%. it has been consistently much below the nation's unemployment rate the entire time. secondly, what you're seeing in wall street today is short-term behavior. bill clinton's tax rates, what we're going back to if we go down the fiscal slope, had no negative effect in the economy. in fact the economy was a whole lot better when bill clinton was president than it was under george bush or barack obama. so i think your case is good in th
york and new jersey and california. so we have mountains of evidence that proves this. and my concern is look, if we raise these tax rates, we're putting the united states of america, this great great country of ours, at a more competitive disadvantage and it leads to outsourcing of jobs. we all want to see jobs brought back to the united states of america, not leaving our great country. >> let me respectfully disagree with my good friends larry and steve here. the fact of the matter is,...
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Dec 4, 2012
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come to new jersey, new york, massachusetts, san francisco, whatever. let's say they reduce the cap to $500,000 to $1 million. if you're buying that, you probably have an effective tax rate of 23 to 25%, which is about $6500 a year, $500 a month. >> a big impact to the wealthy homeowners. you're talking about whether this will have an impact across the market. on the average, it's only going to have an impact of about $45 month in tax savings to the average homeowner. that's not enough to effect people's decisions to buy. even for the super wealthy, $65,000 a year, we're looking at whether that amount was going to affect their decision. i'm not sure it will overall. >> you know, earlier on, brian threw out a fantastic stat where it was said incomes over the years have either stayed the same or gone down but houses have gotten bigger and bigger. if we get rid of the mortgage deduction, might it force us, however painfully, to live within our means more? >> exactly. the fact is that the home mortgage interest deduction is a subsidy that all of us pay to s
come to new jersey, new york, massachusetts, san francisco, whatever. let's say they reduce the cap to $500,000 to $1 million. if you're buying that, you probably have an effective tax rate of 23 to 25%, which is about $6500 a year, $500 a month. >> a big impact to the wealthy homeowners. you're talking about whether this will have an impact across the market. on the average, it's only going to have an impact of about $45 month in tax savings to the average homeowner. that's not enough to...
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Dec 7, 2012
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yes, i'm bill griffeth here at the new york stock exchange. hey, mandy. >> i'm mandy drury standing in for maria bort row mow today. hello, everybody. the dow and s&p are looking to finish the week on a winning note despite the lack of progress in washington on the fiscal cliff. the nasdaq continues to be dragged down by apple. >> apple's had a tough week. we'll get into that coming up. we're still looking for a deal on capitol hill, surprise, surprise. all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at 1416. with less than an hour to go in the trading week, another week without a deal to avoid going over t
yes, i'm bill griffeth here at the new york stock exchange. hey, mandy. >> i'm mandy drury standing in for maria bort row mow today. hello, everybody. the dow and s&p are looking to finish the week on a winning note despite the lack of progress in washington on the fiscal cliff. the nasdaq continues to be dragged down by apple. >> apple's had a tough week. we'll get into that coming up. we're still looking for a deal on capitol hill, surprise, surprise. all to keep us from going...
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Dec 19, 2012
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saks is new york base end continues to be. it needs a broader appeal. and it needs to get rid of more bad stores to drive up that profitability per dollar of sales. >> the bottom line is nordstrom, nordstrom, nordstrom. >> didn't even get my boxing gloves on. >> didn't even need the boxing gloves. >> can't make 44 cents a share and have nordstrom make 3.44 a share and come close. that's what stacey and jan said. >> saks has been outperforming nordstroms for the last month, last two months, so they are doing something right and steve did say his omni investor says if they can catch up, saks has a fighting chance aep i wouldn't put them totally out of the battle. >> courtney, saks is no longer reporting monthly sales. nordstroms will for two missouris. >> all right friday we will do this again. hopefully disagree and break out the gloves. >> you got to get together beforehand and see how you like it. we want to you disagree --? the meantime, following the herbalife story. down 14% as kate kelly broke the news bill ackman considers it t terms of the market
saks is new york base end continues to be. it needs a broader appeal. and it needs to get rid of more bad stores to drive up that profitability per dollar of sales. >> the bottom line is nordstrom, nordstrom, nordstrom. >> didn't even get my boxing gloves on. >> didn't even need the boxing gloves. >> can't make 44 cents a share and have nordstrom make 3.44 a share and come close. that's what stacey and jan said. >> saks has been outperforming nordstroms for the...
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Dec 20, 2012
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and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and the last couple of days i think the acid test, the market has been more subdued around all this political maneuvering. i don't know what you can do. i think you have to hold your breath and wait and hope they are not serious about letting us go over the cliff. you know, bernanke has worked so hard, and you're finally seeing some recovery in the housing market. the best numbers on an annualized basis since november of '09, right, and basically, you know, this gets kind of tossed, and, you know, you have kind of this infliction point with s
and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and...
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Dec 19, 2012
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i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria, selling off as well. >> mr. jobs, more jabs being exchanged on capitol hill today. what was supposed to be a presidential press conference on gun control quickly transformed into a discussion about the fiscal cliff. with the majority of questions focusing on the issue. washington correspondent john harwood at the white house right now. john, perhaps no one has followed the twists and turns as much as you
i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal...
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Dec 28, 2012
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porter, let's start with a new york post headline. i love to read "the new york post." >> you can't live without the post. >> you can't live without the post. it says that instagram, which was bought by facebook for a billion earlier this year, has lost nearly 1/4 of its users because of privacy concerns. two questions here, number one, was that instagram deal a good one for facebook and, number two, do you think privacy is going to be a bigger issue for social media come 2013? >> well, i'll take the privacy issue first because that is already on the table with facebook and instagram. there were two class action suits last week launched in california against instagram for the breach of privacy, whether they announced that they were going to sell to advertisers the photographs that people posted on instagram. >> what were they thinking, porter? i mean, they've tried to back from that and say, well, it wasn't what it's being portrayed to be, but by any measure that's a bone headed move. >> oh, absolutely. and mark zuckerberg's own siste
porter, let's start with a new york post headline. i love to read "the new york post." >> you can't live without the post. >> you can't live without the post. it says that instagram, which was bought by facebook for a billion earlier this year, has lost nearly 1/4 of its users because of privacy concerns. two questions here, number one, was that instagram deal a good one for facebook and, number two, do you think privacy is going to be a bigger issue for social media come...
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Dec 17, 2012
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york. you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a $30,000 increase. $30,000 is not that much. but it is after tax money. 70,000 is another number. i think it will affect them somewhat. i'm more worried about their future of what they'll not be saving. even the wealthy have to worry about the future. >> so how does it impact spending and give us the ripple effects of these higher tax rates and how that ripples down. >> you're talking about $6,000 a month out of their pocket. that's $6,000 is often today going to their kids, going to gifting, and going into the ma
york. you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a...
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Dec 10, 2012
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"new york times" says the risk to reward is highly calculated and they go toward that risk feeling that the reward is going to be worth it. you don't buy that, do you? >> no, i don't. first let's look at what she just stated. the numbers are actually up on prosecution. s.e.c. is up 8% of the prosecutions from 2011 to 2010. 2012 hasn't closed the books yet. two, we've been on the inside talking to clients. the vast majority of your clients are the super majority have never come up. it's in rare instances where it does come up. in some of those it's where they realize they may have been in possession, or it wasn't a well thought out plan. >> do you think wendy that for a lot of these people because there's quite often a gray area, do you think a lot of these people are not even aware that what they're doing is wrong? and it's just an impulse thing? >> there may be a small amount that who are unaware. many of them are highly trained and know the rule book. i think america is good at making rules at not good at enforcing them. even though we've seen an increase. i think that's in response t
"new york times" says the risk to reward is highly calculated and they go toward that risk feeling that the reward is going to be worth it. you don't buy that, do you? >> no, i don't. first let's look at what she just stated. the numbers are actually up on prosecution. s.e.c. is up 8% of the prosecutions from 2011 to 2010. 2012 hasn't closed the books yet. two, we've been on the inside talking to clients. the vast majority of your clients are the super majority have never come...
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Dec 11, 2012
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joining me from new york is roger altman. always nice to have you on the program. let welcome back. >> hi, how are you? >> you think a chance of getting a deal will increase and harry reid says he's pessimistic that had t will get done before christmas. what do you think? >> the financial markets themselves are becoming more optimistic, and i think that's a strong signal. second, i think the atmospherics, and senator reid's statement is just part of that, are suggesting that there's some movement and some progress, and thirdly, i'm particularly impressed with what the business community has been doing. it's really engaged and rolled its sleeves up and got involved in this. you might have seen the statement about an hour ago that the business roundtable released, and the business community wants a solution. they want a balanced solution and increasing towards the president's approach. >> what kind of a deal would you expect from both sides? >> i think it's going to be, first, a pretty good deal on size. one of the most important things here is we actually take a big
joining me from new york is roger altman. always nice to have you on the program. let welcome back. >> hi, how are you? >> you think a chance of getting a deal will increase and harry reid says he's pessimistic that had t will get done before christmas. what do you think? >> the financial markets themselves are becoming more optimistic, and i think that's a strong signal. second, i think the atmospherics, and senator reid's statement is just part of that, are suggesting that...
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Dec 18, 2012
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that is not direct aid to the people who need it in new york and new jersey. $13 billion for mitigation. what in the heck does that mean? >> you presume that's actually spending to prevent damage in the future. but again, that's the type of spending that should be looked at in a budget process. in the light of day. and really offset against other things that would be lower priority. this is where congress really ought to be acting, prioritizing spending. and if that ends up being judged to be a high-priority item, we've got to find spending that's a lower priority item that won't be spent because we can't keep deficit spending the way we've been doing for the last four years. >> we'll leave it there. thank you, senator ron johnson of wisconsin. we appreciate it very much. back to the fiscal cliff. speaker boehner seems to be okay with a millionaire's tax. very interesting. the question is will taxing millionaires more really work? me, i say heck no. but we're going to have a debate right after this. don't forget, free market capitalism is the best path to prosperity. how about flat tax
that is not direct aid to the people who need it in new york and new jersey. $13 billion for mitigation. what in the heck does that mean? >> you presume that's actually spending to prevent damage in the future. but again, that's the type of spending that should be looked at in a budget process. in the light of day. and really offset against other things that would be lower priority. this is where congress really ought to be acting, prioritizing spending. and if that ends up being judged...
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Dec 17, 2012
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the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we still don't know exactly what is coming there yet. couple things. for the quarter report willing tomorrow, revenues are about half. if they meet expectations, or if they meet a little, they are expecting an eps loss of 35%. second of all, expectations for next quarter are bet are than that and we still don't have blackberry 10 yet. you have to be a little bit bullish to understand there is more product for something already a bit outdated and still do a little better on margins pf given that people will anticipate blackberry 10. >> and i know you have a theory out there. i won't steal your thunder though. i will
the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we...
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Dec 13, 2012
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i'm maria bartiromo at the new york stock exchange. it's a case of what the fed and fiscal cliff follies for the stock market today, bill. >> sure is. welcome back. i'll bill griffith. stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the federal reserve's announcement tying rate hikes to the unemployment rate. >> our next guests are here with their best ideas going into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our
i'm maria bartiromo at the new york stock exchange. it's a case of what the fed and fiscal cliff follies for the stock market today, bill. >> sure is. welcome back. i'll bill griffith. stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and...
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Dec 21, 2012
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done here on the floor of the new york stock exchange, bob is here once again. we are held hostage to washington and it is a friday and as you mentioned, the witch going on today. very heavy volume. this is a dangerous market for a lot of investors today. >> yeah. right now the risk is do the down side. unfortunately, the reid, pelosi, mcconnell, dualing pressers, added nothing to the information flow. and unfortunately, didn't do much for the dow or the overall markes to the lift them off of their lows. take a look at dow industrials. big problem is we broke below early morning lows at about 11:30. that's not a good sign. because traders who buy in, trying to trade around the low positions of the day see that, and it makes them much more nervous. hard for us to lift in the middle of the day. take a look at major sectors of big movers recently in the bank stocks and all of the home building stocks, the ones down the most. and of course, the havens, dollar and gold are up today. believe it or not, we hit the highest levels in the vicks. sue? >> thank you. >>> up
done here on the floor of the new york stock exchange, bob is here once again. we are held hostage to washington and it is a friday and as you mentioned, the witch going on today. very heavy volume. this is a dangerous market for a lot of investors today. >> yeah. right now the risk is do the down side. unfortunately, the reid, pelosi, mcconnell, dualing pressers, added nothing to the information flow. and unfortunately, didn't do much for the dow or the overall markes to the lift them...
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you another, new york city has very low crime. we have very strict gun control in new york city. chicago has very high murder rate. they have the same strict gun control in chicago. i never thought it was about gun control. in and of itself, gun control meaning assault weapons control is worth taking a good look at, but the way the president is presenting this, he's going to run into problems with his own democrats who are worried about, you know, worried about gun control. i intelligent way to do it. >> with outside experts. the front of the "journal." the web page, it says, they've lost -- listen to this. they've lost millions of mental health documents in the process of gun purchases and registration. millions of documents, mayor giuliani. >> right. >> they wouldn't know how to document somebody with mental illness or whether they've been in psychiatric care. they've lost -- it's all a complete mess and shambles right now. >> it is. and the reality is, if he had appointed a commission that would look at mental health, take a look at the way violence is presented in movies, the
you another, new york city has very low crime. we have very strict gun control in new york city. chicago has very high murder rate. they have the same strict gun control in chicago. i never thought it was about gun control. in and of itself, gun control meaning assault weapons control is worth taking a good look at, but the way the president is presenting this, he's going to run into problems with his own democrats who are worried about, you know, worried about gun control. i intelligent way to...
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they're not going to new york. combined tax rate is above 50%. and oh, yeah, they're not going to hawaii. that's where the president takes his vacations. they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it hurting economic growth. i think they are completely wrong. i think you can draw just the opposite conclusion of what's going on in europe. but apparently we're going down that route anyway. >> isn't that why president obama wants to raise the tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new
they're not going to new york. combined tax rate is above 50%. and oh, yeah, they're not going to hawaii. that's where the president takes his vacations. they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it...
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. >>> coming up on today's program, we'll head out to new york and take a look at housing figures in the u.s. it looks like the real estate sector may be moving on up. here in london, will be picture be so optimistic? mortgage and retail figures out later this morning should give us an indication. >>> plus, in a global exclusive, cnbc's geoff cutmore speaks with alex ushmanov on his return on facebook, and his outlook for the xwloeshl economy. >>> welcome back to the program. it's been a busy year. after 12 months of uneven growth, the prospects for 2013 look equally uncertain. billionaire investor and russia's wealthiest man alisher usmanov told cnbc's geoff cutmore that rebalance of growth is need. >> 2013 will be a year where we need to search for solutions. there is a big discussion going on about the state of the global economy. everyone is involved in that debate, in that discussion about wa to do. governments, central banks, economists, businessmen, scholars. so as far as i'm concerned, what really worried me and what i think is the real cause of the uncertainty is the enormou
. >>> coming up on today's program, we'll head out to new york and take a look at housing figures in the u.s. it looks like the real estate sector may be moving on up. here in london, will be picture be so optimistic? mortgage and retail figures out later this morning should give us an indication. >>> plus, in a global exclusive, cnbc's geoff cutmore speaks with alex ushmanov on his return on facebook, and his outlook for the xwloeshl economy. >>> welcome back to the...
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Dec 28, 2012
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contradicting what the new york post said as far as losing users. when you look at facebook it is really a valuation call. from the $38 price target it has come down south of 20. now you look at it and you're talking about revenues for next year. where are they going to generate revenues? we heard from zuckerberg who is growing into his role as a ceo. no longer a kid in a hoody but a guy running a multimillion dollar company. >> a married man. >> now you look for next year they expect north of $2 billion in revenue from their mobile apps. you look at the big kicker for next year and one of the main reasons i'm long facebook currently is their want buttons and gift buttons. when you're on facebook you click on a gift button and, bang. all of a sudden you send over to steven weis congratulating him on his new book. >> what is it called? >> unhinged. >> you send over a gift, starbucks gift card, bottle of wine, whoever it is they're part nerg with. this is a massive source of revenue for the company. they are going to be able to continue to grow revenu
contradicting what the new york post said as far as losing users. when you look at facebook it is really a valuation call. from the $38 price target it has come down south of 20. now you look at it and you're talking about revenues for next year. where are they going to generate revenues? we heard from zuckerberg who is growing into his role as a ceo. no longer a kid in a hoody but a guy running a multimillion dollar company. >> a married man. >> now you look for next year they...
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we saw them in new york and guess what? we saw them in london and behind the velvet ropes inside sued the stores there were very few people lined up buying items so i would watch out for abercrombie and certainly with the bigger box space, you know, you'll see mixed signals. everybody is under pressure. target might do a little bit better because they have had an interesting collaboration project with neiman so i think there's weakness across the board but targetsed macy's will outperform the group. >> you like limited brand? >> one of the most consistent retailers out there. i personally own the stock and they have a history of special dividends. a player with always newness in the store and started their international flagship in london. it's doing phenomenally well so an international piece of the puzzle is just starting. >> laura, online, i heard some big numbers percentage-wise gains year over year on how online buying was going. is that good or bad for the retailers overall right now? >> the vast majority of the retai
we saw them in new york and guess what? we saw them in london and behind the velvet ropes inside sued the stores there were very few people lined up buying items so i would watch out for abercrombie and certainly with the bigger box space, you know, you'll see mixed signals. everybody is under pressure. target might do a little bit better because they have had an interesting collaboration project with neiman so i think there's weakness across the board but targetsed macy's will outperform the...
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Dec 27, 2012
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new york is getting a bad wrap for being the most expensive. there's a max in manhattan, $3 per hour. >> that's why there's not enough of it. if they raised the prices it would be easier to find a space. >> i'm with you on that. in the next hour the frequent flyer cliff. how to hold on to your airline first in '13 plus the retail stock that has been up every quarter in the first quarter for the last nine years. surprise there. we'll be right back. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ m
new york is getting a bad wrap for being the most expensive. there's a max in manhattan, $3 per hour. >> that's why there's not enough of it. if they raised the prices it would be easier to find a space. >> i'm with you on that. in the next hour the frequent flyer cliff. how to hold on to your airline first in '13 plus the retail stock that has been up every quarter in the first quarter for the last nine years. surprise there. we'll be right back. i got mine in iraq, 2003. usaa auto...
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Dec 7, 2012
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york stock exchange. hi, ty. >> i am the ultimate work in progress. thank you very much. >>> despite the assessment from the speaker of the house on the fiscal cliff, the fact he says there is no progress being made so far, the dow sort of playing past it. right now the industrials up by 46 points at 13,120 and change. apple is part of the nasdaq. apple down $14 a share. another 2.66% today as scott mentioned a moment ago, $50 billion in market value shaved off of apple this week alone. >>> let's begin with those comments just 24 days to go until america confronts the fiscal cliff. house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to comprom
york stock exchange. hi, ty. >> i am the ultimate work in progress. thank you very much. >>> despite the assessment from the speaker of the house on the fiscal cliff, the fact he says there is no progress being made so far, the dow sort of playing past it. right now the industrials up by 46 points at 13,120 and change. apple is part of the nasdaq. apple down $14 a share. another 2.66% today as scott mentioned a moment ago, $50 billion in market value shaved off of apple this week...
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. >> reporter: this is a case from new york. a woman named edie windsor who married her partner in canada. the partner died and left edie the estate. the federal government said we can't recognize you as married. the irs says you're not married as far as we're concerned she got hit with a tax bill of $363,000. >> we'll leave it there. many thanks. nbc's pete williams. now let's get right to our panel tonight. democratic strategic jimmy williams. wabz radio talk show host mark seimone and washington times opinion writer cari picket. we have a number of topics to chew on this evening. let's begin with the breaking news out of the scouupreme cour and a legal challenge major implications for federal and private benefit payments. cari, let me go to you first and get your first reaction to this. federal versus state. constitutional liberty and rights. the end of the doma act. how do you see this? >> one of the first things that usually comes to my mind when i think about prop 8 was that you had the people of california, they looked at
. >> reporter: this is a case from new york. a woman named edie windsor who married her partner in canada. the partner died and left edie the estate. the federal government said we can't recognize you as married. the irs says you're not married as far as we're concerned she got hit with a tax bill of $363,000. >> we'll leave it there. many thanks. nbc's pete williams. now let's get right to our panel tonight. democratic strategic jimmy williams. wabz radio talk show host mark...
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i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because
i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore...
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Dec 6, 2012
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if you have a policy of abortion where the black race is being depopulated, in the state of new york, there's more abortions than birth, that's depopulation. if you have a policy in which 5,000 children, black kids in louisiana, or 2,000 children in d.c. are taken out of good schools and put back into failing schools because they decide that the union is more important, that's anti-black. you're looking at the davis bacon act, which is anti-black entrepreneurs, which unions are given precedent over black businesses in the black community, or you look at minimum wage, which is very advantageous to the unions, but keeps black teenagers from getting opportunities to get a chance to work. there are many, many policies that have been put in place by liberals -- >> you're basically saying the entitlement state, government direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the
if you have a policy of abortion where the black race is being depopulated, in the state of new york, there's more abortions than birth, that's depopulation. if you have a policy in which 5,000 children, black kids in louisiana, or 2,000 children in d.c. are taken out of good schools and put back into failing schools because they decide that the union is more important, that's anti-black. you're looking at the davis bacon act, which is anti-black entrepreneurs, which unions are given precedent...
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Dec 18, 2012
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i'm maria bartiromo with the new york stock exchange. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now at 1443. >> while the dow on pace for the first back-to-back triple-digit gains in nearly five months. can we hold on for the final hour? >> let's talk about that in our closing bell exchange. carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor w
i'm maria bartiromo with the new york stock exchange. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by...
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Dec 27, 2012
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portland, maine, will have some backups and also buffalo, new york. you might have delays not only at the airport but many of the roads are in horrendous shape because of the heavy lake-effect snowfall. >>> your headlines, president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff. the yen hits a two-year low against the dollar as the japanese government battles to weaken deflation and the currency. >>> and shares in toyota end higher after the u.s. settles a class action lawsuit for $1 billion. >>> and here is a look at today's other top stories. new japanese prime minister shinzo abe has vowed to battle deflation in the strong yen. the 58-year-old has promised aaggressive monetary easying by the bank of japan. meanwhile, the bank of japan was issues. one option considered was an open-ended commitment to buy ass assets. customers brought the case against toyota, claiming certain models accelerated unintention equally. 16 million vehicles are covered by this action, including popular models like the
portland, maine, will have some backups and also buffalo, new york. you might have delays not only at the airport but many of the roads are in horrendous shape because of the heavy lake-effect snowfall. >>> your headlines, president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff. the yen hits a two-year low against the dollar as the japanese government battles to weaken deflation and the currency. >>> and shares in toyota...
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Dec 11, 2012
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see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous lawmakers today. everybody seems very firmly entrenched, although eamon with the news just a moment ago that john boehner has indeed sent the president a counter offer, though republicans, to a man, complained today that they do not know what cuts the democrats would like to make. senator harry reid coming out earlier today, saying, we're not going to offer up any cuts. we want the gop to put their cuts on the table. it is clear it is a game of finger pointing, which party is going to be made to look like the bad guys, because somebody's going to have to tell somebody no. that is certainly the deal here. stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i
see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous lawmakers today. everybody seems very firmly entrenched, although eamon with the news just a moment ago that john boehner has...
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Dec 22, 2012
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he ended his last speech at the economic club of new york, i believe, by saying if we could just get past what is ultimately a stupid debate. >> right. >> there's some momentum here. and quite frankly for a lot of us in the market, we'd like to move past this. >> do you expect, however, while we fight for this fiscal cliff baloney, do you expect the market selloff? >> sure. >> today notwithstanding, but it finished well off the lows today. >> as jackie talked about, it's up for the week. for the month. i think there's still a modest positive gain. what's interesting in this debate is the two previous times we've increased capital gains, nixon in 1970 and reagan, of course, with the tax reform act of '86. the december preceding the adjustment, the stock market was down. december 1969, december 1986. i don't think people have believed they wouldn't get a deal. when we talked about we're going over the cliff after the election, i think we were the only ones in some level, at least prominence in the ability of coming on your show. we were the only ones saying that could happen. >> capita
he ended his last speech at the economic club of new york, i believe, by saying if we could just get past what is ultimately a stupid debate. >> right. >> there's some momentum here. and quite frankly for a lot of us in the market, we'd like to move past this. >> do you expect, however, while we fight for this fiscal cliff baloney, do you expect the market selloff? >> sure. >> today notwithstanding, but it finished well off the lows today. >> as jackie talked...
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Dec 12, 2012
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speaking to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished with holiday shopping yet. giving retailers a hope for a big boost in the last few weeks beforesom christmas. 58% of those surveyed said they completed half or less of their holiday shopping so far. i've got a little guilt on that front. >>> joining us for more, global ceo of sanrio. welcome. waving to the world there. >> yes. >> happy holiday. >> wearing your brand, as well. >> happy holiday from mr. mann. >> we should point out that mr. men is a key part of your strategy which is changing, is it not? >> exactly. last year we started to did mergers. this is our first acquisition, international acquisition. >> w
speaking to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished...
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Dec 13, 2012
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thank you very much. >> thank you. >>> new york's madison square garden was the central of the rock and roll universe last night as a star-studded lineup played a concert for the victims of hurricane sanity. the show was telecast live, stream cast, shown in theaters world wooitd. estimated 2 billion people were able to see the concert. if you missed it, here is a small taste from the who. ♪ ♪ are you ♪ who are you ♪ who are you >> proceeds and donations during the show will go directly to the robin hood relief fund to distribute the money throughout the region. more than $30 million was raise just for ticket sales alone. >>> shares here at hmv lost more of a third of their value while investors dumped the stock. 36% down, look at that.. hmv said tough market conditions led to uncertainties for the business, but tried to reassure investors it is in negotiations with banks. >>> still to come on the show, we'll speak to one who says european equities should get into investments next year. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and
thank you very much. >> thank you. >>> new york's madison square garden was the central of the rock and roll universe last night as a star-studded lineup played a concert for the victims of hurricane sanity. the show was telecast live, stream cast, shown in theaters world wooitd. estimated 2 billion people were able to see the concert. if you missed it, here is a small taste from the who. ♪ ♪ are you ♪ who are you ♪ who are you >> proceeds and donations during the...
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Dec 29, 2012
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>> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges. >> what do you think? >> first of all, let me be clear. i think 50/50 at best for exactly the reason you cited. i can't imagine that reid and mcconnell are having a happy discussion right now, so there will be serious differences there. for example, if mcconnell insists on keeping the estate tax parameters where they are instead of going where the president is, that completely seals the deal and that's one piece. >> michelle, you've made that point throughout the show, and i partially agree with you, but i will tell you this. right now everybody in this town is focused on taxes and preventing 98% of households from
>> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges....
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Dec 20, 2012
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i do "the new york post." >> no, you -- >> you saw me looking at the cover of "the new york post" this morning. >> yeah, i did. >> for all the wrong reasons. >> leering at it. do you have a deal with ponch to continually look at -- >> to plug "the new york times" stories you're saying? >> yeah. >> no, i don't. but i thought it was a good story and it is a good paper. >> pinch? >> it's ponch. >> that's the guy on chips. okay, i'm sorry. >> all right, you know, i was looking at a story out of the "usa today" -- >> eric estrada. >> about how the military has all of this video, and the air force is now seeking some help to go through all this video and kind of get a better idea of what they actually have and they're reaching out to espn and other experts in video analysis. >> of what? >> a flood of video footage that's been coming through and they're reaching out to people -- >> from drones and stuff? >> from drones that are flying over. so they have tons and tons of footage but they need to have better ways to analyze all this footage. nobody can figure out what it is and how do you do an
i do "the new york post." >> no, you -- >> you saw me looking at the cover of "the new york post" this morning. >> yeah, i did. >> for all the wrong reasons. >> leering at it. do you have a deal with ponch to continually look at -- >> to plug "the new york times" stories you're saying? >> yeah. >> no, i don't. but i thought it was a good story and it is a good paper. >> pinch? >> it's ponch. >>...
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Dec 20, 2012
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unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge this week. >> potentially, the italian enginemaker. >> the fiscal cliff, result supposed to be frozen? aren't we supposed to be paralyzed? >> i guess the clock ran out on everybody saying we can't do anything? >> this is huge for us. >> i don't have a legitimate answer for you. none of these transactions are going to close this year, not a result of let's get something done by year end to avoid capital gains. >> something changed in people's attitudes, david. >> pent up demand for dealmaking that's been there. maybe a reflection that okay, going to get something done and so i feel a littl
unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge...